Slide 1: Brigade Group Investor Presentation March 2014
BRIGADE GROUP INVESTOR PRESENTATION MARCH 2014
Slide 2: Turnover, EBITDA, PAT and growth
Turnover EBITDA 9,158 2,694 7,881 2,151 10,000 3,000 8,000 2,500 6,000 2,000 1,500 4,000 1,000 2,000 500 - - FY 2012-13 FY 2013-14 FY 2012-13 FY 2013-14 PAT Growth % 898 40% 642 40% 1,000 35% 25% 800 30% 25% 600 16% 20% 400 15% 10% 200 5% - 0% FY 2012-13 FY 2013-14 Turnover EBITDA PAT All Amounts in
Slide 3: Q4 and FY2014 results summary
All Amounts in Rs. Mn Q4 14 on Q4 14 on FY 2014 on Particulars Q4 -14 Q3-14 Q4-13 FY 2014 FY 2013 Q3 14 Q4 13 FY 2013 Turnover 3,942 1,835 2,994 9,158 7,881 115% 32% 16% EBIDTA 975 657 721 2,694 2,151 49% 35% 25% Interest 124 191 195 688 829 -35% -36% -17% Profit after Interest 851 466 526 2,006 1,3
Slide 4: Contribution to revenue, gross profit, EBITDA and PBT
Contribution to Total Revenue Contribution to Total Gross Profit Hospitality Hospitality Lease 13% 23% Rentals Real Estate 15% 43% Real Estate 72% Lease Rentals 34% Contribution to Total EBITDA Contribution to Total PBT Hospitality Hospitality 4% 18% Real Estate 38% Lease Rentals 21% Lease Rentals R
Slide 5: Segment-wise results
All Amounts in Rs. Mn Particulars Real Estate Hospitality Lease rentals Total Revenue 6,548 1,211 1,400 9,159 Expenses 4,853 331 55 5,239 Gross profit 1,696 880 1,345 3,920 Admin Expenses 290 178 128 597 Employee cost 397 209 23 629 EBIDTA 1,008 492 1,194 2,694 EBIDTA / Revenue % 15% 41% 85% 29% Int
Slide 6: Capital employed and profitability ratios
Capital Employed Profitability Ratios 19% 19% Hospitality 18% 20% 12% 15% 15% 13% Real Estate 9% Real Estate 10% Lease Rentals 51% Lease Rentals Hospitality 37% 5% 0% PBD/Equity EBITDA/CE Figures as on Mar 2014; Amounts are in Rs. Mn Capital D/E PBD/Equity EBIDTA/CE Segment Equity Debt Employed Rati
Slide 7: Debt and interest rate trend
10,000 13.86% 14.00% 9,850 9,815 13.55% 13.50% 9,500 13.31% 13.11% 13.06% 9,226 13.00% 9,168 12.78% 9,000 12.46% 8,813 12.38% 12.50% Rs. Mn 12.27% 8,637 12.19% 8,500 8,537 8,508 8,433 12.00% 8,308 8,000 11.50% 7,500 11.00% Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Debt In
Slide 8: Quarterly sales volume and annual growth
Quarterly Sales Annual Growth Residential Commercial 800 41% 31 3,000 366 600 108 2,500 132 203 463 2,000 400 151 125 715 79 678 537 1,500 473 2,260 200 394 300 271 297 1,000 1,405 500 - Q1 FY13 Q2 FY13 Q3 FY13 Q4 FY13 Q1 FY14 Q2 FY14 Q3 FY14 Q4 FY14 - Residential Commercial FY 2012-13 FY 2013-14 Al
Slide 9: Quarterly sales value and annual growth
Quarterly Sales 4,000 Residential Commercial 3,500 218 1,016 3,000 518 2,500 928 2,000 3,345 3,364 1,500 924 554 Annual Growth 376 2,579 2,322 1,000 1,994 Residential Commercial 1,089 1,002 1,076 2,162 500 14,000 12,000 71% - Q1 FY13 Q2 FY13 Q3 FY13 Q4 FY13 Q1 FY14 Q2 FY14 Q3 FY14 Q4 FY14 10,000 8,0
Slide 10: Total sales value for FY 2013-14
All Amounts in Rs. Mn except Average Rate/SFT which is in Rs. Q1 FY13 Q2 FY13 Q3 FY13 Q4 FY13 Q1 FY14 Q2 FY14 Q3 FY14 Q4 FY14 FY 2013 FY 2014 Residential 1,089 1,002 1,076 2,322 3,345 3,364 2,579 1,994 5,489 11,282 Commercial 924 376 554 518 - 218 1,016 928 2,372 2,162 Total 2,013 1,378 1,630 2,840
Slide 11: Collections - FY 2013-14
Collections - FY 2013-14 4,192 4,500 3,849 4,000 3,146 3,500 2,516 3,000 2,500 2,000 1,500 1,000 500 0 Q1 FY14 Q2 FY14 Q3 FY14 Q4 FY14 All Amounts in Rs. Mn Particulars Q1 Q2 Q3 Q4 FY 2013-14 Collections 2,516 4,192 3,146 3,849 13,703
Slide 12: Grand Mercure and Sheraton FY 2013-14
GRAND MERCURE SHERATON Details FY 2013-14 FY 2012-13 FY 2013-14 FY 2012-13 No of Keys 126 126 230 230 Occupancy 86% 82% 75% 63% ARR (Rs.) 6,558 6,682 7,633 7,603 GOP 50.7% 51.0% 40.8% 33.4%
Slide 13: Project leasable area
To be Leased 20 32 48 In pipe Line 32 Leased out 547 85 777 10 40 Leasable Area 599 117 825 10 40 0 200 400 600 800 1000 1200 1400 1600 WTC South Parade Orion Mall B.Solitare, B.lore Others Area in ‘000 SFt Project Leasable Area Leased out In pipe Line To be Leased WTC Bangalore 599 547 32 20 Brigad
Slide 14: Synopsis of Ongoing Projects Mar 2014
Synopsis of Ongoing Projects Mar 2014 Ongoing Stock Particulars Total Projects Sales In Mn. Sft Total super built-up area of launched project on sale basis 8.92 0.10 9.02 Less: LO Share 1.93 1.93 Co share of saleable area 6.99 0.10 7.10 Sold till date 3.77 3.77 To be sold 3.22 0.10 3.33 Rs. In Mn Es
Slide 15: Synopsis of Ongoing Projects-Continued
Synopsis of Ongoing Projects-Continued Ongoing Particulars Stock Sales Total Projects Rs. In Mn Revenue Recognised till date 5,722 5,722 Revenue to be Recognised (including unsold units) 28,203 891 29,093 Estimated cost for the projects (including Land/NRD) 22,975 449 23,424 Cost incurred till date
Slide 16: Project area as on March 2014
As on March 2014 Total Project Area Area in ‘000 SFT Hospitality 3% Projects Project Area LO/JV share Co Share Commercial 10% Residential projects 8,921 1,928 6,993 Brigade Orchards * 1,355 677 677 Brigade Cosmopolis * 804 394 410 Total Residential 11,080 3,000 8,081 Brigade Nalapad Centre 461 230 2
Slide 17: Completed projects stock
As on March 2014 Amounts in Rs. Mn Stock Current rate Estimated sale Estimated Completed Projects (SFT) (INR/SFT) value profit Brigade Metropolis 7,000 6,000 42 26 Brigade Metropolis Arcade 2,210 6,000 13 8 Brigade Crescent 12,730 14,000 178 78 Brigade Sonata 13,230 14,000 185 89 Brigade Horizon 1,4
Slide 18: Land bank by location
As on March 2014 Amount in Rs. Mn Land Area Location Total Cost* Paid Payable (in acres) Bangalore 240 5,347 4,150 1,197 Chennai 57 750 400 350 Kochi 21 204 204 - Mangalore 25 45 45 - Mysore 30 96 84 12 Total 373 6,442 4,883 1,559 * Includes Refundable/Non Refundable Deposits for Joint Developments
Slide 19: Project area by product and location
As on March 2014 Project Area - Product Project Area - Location Retail Mysore 1% Hotel Mangalore 4% 2% Commercial- Cochin 8% Lease 1% 21% Chennai 14% Commercial- Sale 6% Residential Bangalore 70% 73% BEL BEL No of Proj Area No of Proj Area Product Share Location Share Projects SFT in Mn Projects SFT
Slide 20: Planned residential launches
Project Project City Land Area BEL Share During Area In Acres Sft in Mn Sft in Mn Brigade Exotica-Tower-2 Bangalore 5.26 0.72 0.72 Q1 Brigade Omega - Tower-A Bangalore 2.46 0.31 0.19 Q1 Brigade Meadows Phase 2 Bangalore 14.99 0.88 0.88 Q1 Brigade Mount view Mysore 4.00 0.40 0.40 Q2 Brigade Northridg
Slide 21: Planned commercial and retail launches
Project City Land Area Project Area BEL Share During In Acres Sft in Mn Sft in Mn Brigade Golden Triangle Signature Bangalore 5.41 0.55 0.39 Q2 Tower Brigade Bhuwalka Bangalore 2.61 0.29 0.15 Q3 Brigade Meadows Bangalore 1.50 0.12 0.12 Q3 Brigade Lakeshore Bangalore 6.60 0.84 0.46 Q4 Commercial Tota
Slide 22: Thank You
THANK YOU Brigade Enterprises Ltd K Suresh 29th & 30th Floor, World Trade Centre, Chief Financial Officer Brigade Gateway Campus, Email: sureshkris@brigadegroup.com 26/1, Dr. Rajkumar Road, Malleswaram-Rajajinagar, Om Prakash P Bangalore -560 055. Company Secretary Phone: 91-80-4137 9200 Email: ompr